When will I start applying for student loans in 2021? There is not much time left for the students!

After completing the college entrance examination, the first thing many students do is to evaluate their scores to see whether they can fill their dream university. For some students whose families have financial difficulties, the most critical thing after the college entrance examination is to apply for a student loan. When will I start applying for student loans in 2021? There is not much time left for the students!

When will I start applying for student loans in 2021?

1. Student loan from the place of origin

If students want to apply for a student loan from the place of origin, the application should start in June at the earliest and end in September at the latest. After the college entrance examination, teachers usually send students some introduction materials about universities and their majors across the country, along with an application process for student loans from the student's place of origin.

After students receive the student loan process from their place of origin, they can apply for a student loan according to the introduction in the information. However, it should be noted that it is best to apply earlier to avoid incorrect information or incomplete preparation, which will make it easier to apply again. Some universities will even start in August, so it is recommended that students apply for student loans from good places of origin before mid-July.

2. College student loans

If students want to apply for college student loans, the application should start in September at the earliest and end in December at the latest. Students applying for college student loans need to complete a series of loan application materials before the start of school, and prepare proof of family financial difficulties, household register, admission notice, etc.

After bringing relevant information, students can go to the counselor to inquire about college student loans after the semester starts. Generally speaking, counselors will have more detailed loan application procedures, as well as detailed sample loan renewal statements, etc.

The above is the sharing of relevant content about "When should I start applying for student loans in 2021?" I hope it can help everyone!

When to apply for student loans

Student loans in the student’s place of origin should be applied to the student financial aid management center or bank in the region where they are located, and student loans should be applied to the university student financial aid management center. Secondly, the application time for student loans is not fixed and uniform, and the final application time will vary slightly depending on the type and region. The application time for student loans from the student's place of origin is generally between June and September, that is, during the summer vacation, while the application time for student loans for college students is generally between September and December, that is, after the semester starts.

Extended information:

1. The National Student Loan is a policy system established by the Party Central Committee and the State Council under the conditions of the socialist market economy to improve my country’s university funding policy system and increase funding for students from poor families in universities. An important step in funding. National student loans are government-led, government-subsidized, financial and university-compensated bank loans that are jointly operated by banks, education administration departments and university authorities to specifically help poor students from university families. Students do not need to apply for loan guarantees or mortgages, but they need to promise to repay on time and bear relevant legal responsibilities. Students apply for loans from banks through the school to make up for the shortfall in various expenses during school, and repay them in installments after graduation. On August 8, 2012, China Development Bank’s new student loans will exceed 12 billion yuan.

2. On July 21, 2020, the Ministry of Education, the Ministry of Finance, the People's Bank of China, the China Banking Regulatory Commission and other four departments jointly issued the "Notice on Adjusting and Improving National Student Loan Relevant Policies" (Teaching Cai [2020] No. 4), clarifying adjustments to student loan-related policies from three aspects: principal repayment grace period, loan period, and loan interest rate.

3. Borrowing students should confirm the student loan repayment plan with the bank when going through graduation procedures. Within one year after graduation, you can apply to the bank to adjust the one-time repayment plan. Student loans can be repaid with principal and interest in a variety of ways, and can be repaid one or more times in advance. If a college student chooses to repay the loan in advance, the handling bank shall not charge any other fees except the interest payable.

Student loan application time

The deadline for the financial aid center to accept applications is based on the local announcement time, which is usually before mid-September.

If you are applying for a national student loan, you can go through the application procedures at the school after the new school year begins.

If you are applying for student loans in the place of origin, freshmen can submit the application procedures to the local student financial center after receiving the admission notice.

Non-freshmen who apply for loan renewal can apply online after April, and then go to the local student financial aid center to submit an application form and a copy of their student ID card during the summer vacation.

National student loan application time

Generally, the national student loan application time is from September to October every year. If you successfully apply for a national student loan, the disbursement time is November. Around mid. Just wait patiently. After the school deducts the fees, the remaining money will be credited to everyone's Alipay account. The relevant details are as follows:

1. After the student loan is issued, the student with the loan cannot control it first.

2. When the university automatically deducts the payment, the loan student does not need to do anything. The successful deduction by the university means the payment is successful.

3. After the university deducts the payment, if there is any leftover, it will be left in your contract Alipay. After authenticating your loan assistance contract with Alipay in real-name, you can withdraw it to the bound bank card for your short-term living expenses.

4. If the amount owed by the university is greater than the actual amount owed, the balance at this time should remain with the university and will be returned to everyone after the university clears and settles. The specific refund time and refund For payment methods, please pay attention to the university’s notification.

The preliminary review and process for its issuance are as follows:

1. After the first-time loan students apply on-site, the renewal loan students can obtain the student aid issued by the county financial aid center after submitting their application remotely. The loan acceptance certificate and contract will also receive a receipt verification text message from China Development Bank 95593 regarding your student loan.

2. When the semester begins, college students with loan assistance can register and pay fees in colleges and universities with the acceptance certificate issued by the county financial aid center. If the loan amount can fully cover the tuition and accommodation fees for the new academic year, these two fees cannot be paid anymore! If the loan amount cannot fully cover the tuition and accommodation fees due, only the difference will be paid by cash or transfer. After submitting the acceptance certificate, you can wait patiently.

3. After the student loan acceptance certificate (or receipt verification code) is submitted to the university, it will be reviewed offline and online by the university.

Offline review: The main review is to determine whether you passed the poverty determination of the university in the previous academic year, thereby determining whether you meet the conditions for student loans.

Online review: After passing the judgment on student loan qualifications of the university, the University Financial Aid Center will enter the university end of the China Development Bank student loan management system to enter the amount of outstanding payment receipt for you.

4. Before October 15th, colleges and universities must enter the amount of outstanding payment receipts for all college students with student loans, otherwise they will not be able to continue to enter. The China Development Bank will close the function of entering the amount of university receipts around mid-October. After the college receipts are entered, the county funding center will summarize and submit this year's student loan applications, and they will also be reviewed by the Sichuan Branch of the China Development Bank.

5. From late October to mid-November, the regional branches of the China Development Bank will focus on reviewing the contracts of all student loan students in the province in 2021. As long as the university passes the review, the documents uploaded by the county funding center for you are correct, and your contract signature is accurate, there will be no problem with the provincial branch of the China Development Bank. Of course, if the documents uploaded by the county financial aid center for you are incorrect, or the contract signature of the first-time loan student is inaccurate, the county financial aid center will urge the problematic contractor to make rectifications within a time limit or promise to make rectifications.

6. After approval by the provincial branch of the China Development Bank, the distribution will be organized around mid-November. Disburse the student loans you applied for to your loan contract Alipay. After the payment is received, the university you study in will automatically deduct it directly from your student loan contract Alipay without having to do anything. After the university successfully deducts the payment, China Development Bank 95593 will inform you via text message the amount of this year’s student loan and the amount automatically deducted by the university, so that everyone can understand. Loan disbursement takes a certain amount of time, just wait patiently.

When is the latest time to apply for a student loan?

The processing time for student loans in the student’s place of origin is generally between June and September. In other words, after students graduate from the college entrance examination, they can consider applying for student loans in their place of origin, but no later than the start of school. The processing time for college student loans is generally September to December.

Things to note when applying for a student loan

1. The student loan applicant’s family financial conditions must be relatively difficult and relevant supporting materials must be provided. If the family conditions are forged and faked, the loan will be canceled once verified. Qualifications and need to bear relevant legal responsibilities;

2. You can only apply for one national student loan and student loan from the student's place of origin;

3. After the student loan application is successful, you will first After paying the school tuition, the remaining amount of the loan will be returned to the loan student's account after the school completes the relevant procedures;

4. The student loan must be repaid according to the conditions after graduation, and within two years of graduation You can only repay the interest, and the interest rate is LPR floating interest rate or the fixed interest rate when signing the contract;

5. You do not have to bear the interest on the loan while you are in school, it is subsidized by the national finance, but you need to bear the interest yourself after graduation;

p>

6. Overdue repayment will have a serious impact on personal credit, and subsequent application for other loans will also have a negative impact.

Time to apply for student loans for college students

As soon as the semester begins, most college students are busy preparing necessities for starting school, but some college students are worried: What if they don’t have money to pay tuition? manage? In order to help these poor college students, the state has introduced student loans for college students. So when is the application time for college student loans? Hurry and take a look together, but don’t miss the application time.

There are two main ways of student loans for college students: national student loans and student loans from the student’s place of origin.

1. To apply for a national student loan, you can go through the application procedures at the school after the start of the new school year;

2. If it is a student loan from the student’s place of origin, you need to go through the application procedures at the beginning of the new school year. You have applied for a loan before. The specific time schedule is as follows:

(1) After receiving the admission notice, you can submit the application procedures to the local student financial center (you must first apply for a loan at the China Development Bank) Online service system registration and download application form).

(2) If you are a non-freshman applying for loan renewal, you can apply online after April, and then you need to submit an application form and a copy of your student ID card to the local student financial aid center during the summer vacation. The deadline for acceptance by the funding center is based on the local announcement time, which is usually before mid-September.

Recommendation: It is recommended that students with student loans from their places of origin should go through all the procedures during the summer vacation and prepare in advance. Don't miss the application time and affect normal enrollment.